💨 Abstract

The Indian government has proposed to abolish the Equalisation Levy, or digital tax, on online advertisements as part of 59 amendments to the Finance Bill 2025. This move is aimed at showing a conciliatory stance towards the US, which has threatened retaliatory tariffs from April 2. The levy was first imposed in 2016.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖